Welcome to our dedicated page for World Wrestling Entertainment news (Ticker: WWE), a resource for investors and traders seeking the latest updates and insights on World Wrestling Entertainment stock.
World Wrestling Entertainment, LLC (WWE) (NYSE: WWE) is a globally recognized leader in the entertainment industry, specializing in professional wrestling. Headquartered in Stamford, Connecticut, WWE operates as an integrated media organization with a diverse portfolio of businesses. These businesses are dedicated to creating and delivering original content 52 weeks a year to a vast, global audience.
WWE is committed to providing family-friendly entertainment through a variety of platforms, including television programming, pay-per-view events, digital media, and publishing. The company’s content reaches more than 600 million homes worldwide, broadcasting in over 145 countries and 35 languages.
WWE's programming includes flagship shows such as Monday Night Raw and SmackDown Live, along with special events like WrestleMania, which draws millions of viewers each year. The company also maintains a strong digital presence with the WWE Network, a subscription-based streaming service that offers exclusive access to a vast library of wrestling content.
Recent achievements of WWE include strategic partnerships and collaborations with various brands and organizations, enhancing its content distribution and market reach. The company's financial condition is robust, supported by continuous growth in viewership and revenue. WWE’s offices are strategically located in major cities including New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Istanbul, and Tokyo, which helps in managing its global operations efficiently.
WWE announced that SummerSlam will occur on Saturday, August 21, with the venue revealed during the Belmont Stakes pre-race show on June 5. Tickets for the event go on sale June 18, 2021, and it will stream live on Peacock in the U.S. and WWE Network globally. WWE also unveiled a 21-event summer tour, including shows in cities like Pittsburgh, Louisville, and San Antonio. Tickets for these events will be available on June 11, 2021.
WWE (NYSE: WWE) announced three upcoming live events as part of its summer tour schedule, with shows in Cleveland on July 23, Kansas City on July 26, and Minneapolis on July 30. Tickets for these events will go on sale on June 4 at 10 am local time in each market. WWE operates a significant global entertainment business, offering family-friendly content across multiple platforms. The company's diverse programming reaches over 900 million homes worldwide and includes a subscription-based WWE Network available in more than 180 countries.
WWE (NYSE: WWE) is set to return to live event touring with a 25-city schedule through Labor Day, starting in July. The first shows will occur in Texas, including SmackDown on July 16, Money In The Bank on July 18, and Raw on July 19. Ticket sales for these events will begin on May 26 at 11 am ET.
This marks a significant step in WWE's recovery from pandemic-related disruptions and reflects its commitment to engaging fans live once again.
WWE (NYSE: WWE) has appointed Claudine Lilien as Senior Vice President and Head of Global Sales & Partnerships. Lilien, a veteran with over 15 years at FOX Corp., will oversee WWE's sales operations and promote its sponsorships. This strategic hire aims to enhance WWE's partnerships and drive revenue growth. Stephanie McMahon, WWE Chief Brand Officer, highlighted Lilien's business acumen and reputation in the industry. WWE continues its commitment to delivering family-friendly entertainment globally through various platforms, showcasing its operational strength.
WWE reported a 9% decline in revenue to $263.5 million for Q1 2021, mainly due to COVID-19 related live event cancellations, although network revenue rose due to the Peacock agreement. Adjusted OIBDA increased 9% to $83.9 million, with an OIBDA margin of 31.8%. Operating income grew 22% to $65.1 million, with a margin expansion to 24.7%. WWE returned $84.2 million to shareholders, including $75 million in share repurchases. The company maintained its full-year Adjusted OIBDA guidance of $270 to $305 million, citing uncertainty regarding live events.
WWE (NYSE: WWE) has appointed Chris Legentil as Senior Vice President & Head of Global Communications and Scott Zanghellini as Head of Revenue Strategy and Development. Legentil brings extensive experience from DAZN, where he led communication strategies, while Zanghellini joins from Creative Artists Agency, focusing on innovative revenue streams. Both will report to WWE President & Chief Revenue Officer, Nick Khan, and are expected to strengthen WWE's market positioning.
World Wrestling Entertainment (NYSE: WWE) announced its 2021 Annual Meeting of Stockholders, scheduled for May 27, 2021, at 11:00 a.m. Eastern Time. The meeting will be virtual, accessible via www.virtualshareholdermeeting.com/WWE2021. Stockholders of record as of March 30, 2021, can vote and participate online. Additionally, proxy materials and the 2020 Annual Report are available at www.proxyvote.com. WWE emphasizes that stockholders should vote in advance of the meeting.
WWE announced that Pat McAfee will debut as the new analyst for Friday Night SmackDown tonight at 8 pm ET on FOX. McAfee expressed his admiration for WWE and excitement about joining the team, emphasizing his love for the company and its global connection. He will work alongside Michael Cole, enhancing the show's commentary with his relatable and humorous insights. WWE continues to deliver family-friendly entertainment, reaching over 900 million homes worldwide through various platforms.
WWE has declared a quarterly dividend of $0.12 per share for its Class A and B common stock. The dividend's record date is set for June 15, 2021, while the payment date is scheduled for June 25, 2021. The organization is a leader in global entertainment, providing family-friendly programming across multiple platforms and reaching over 900 million homes worldwide. WWE continues to innovate and expand its content offerings to a diverse global audience.
WWE has announced that Adnan Virk will debut as the play-by-play voice for Monday Night Raw tonight at 8/7c on USA Network. Virk, who has a background at ESPN and MLB Network, expressed his excitement for this role, highlighting his admiration for WWE legends. Accompanying him will be analysts Corey Graves and Byron Saxton. Tom Phillips will take on the role of host for 205 Live, alongside his current responsibilities at WWE. WWE remains committed to delivering family-friendly entertainment globally, with programming accessible in over 900 million homes across 28 languages.
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